cblewis_78

cblewis_78

The lines watch still are holding true. The initial leg down dropped below my initial exceptions and instead of 3255 being support, it became resistance. Tomorrow could be interesting.... What is going to happen? 1) the momentum of the MACD is curving up but has yet to cross over upward. This could be a positive sign tomorrow. 2) The RSI is oversold on the 4 hr...

cblewis_78

Compounding interest at its finest

cblewis_78

see ES analysis... NQ levels to watch... More on QQQ tomorrow

cblewis_78

Week of 26 JAN Futures off to drag... Pretty significant drop to open things up. Lets work inside out... 1) A crack of $3255 could give immediate flows to further downside 2) I assume the price action will backfill the gap going into a week of earning postings with the big tech companies and more (APPL, FB, AMZN, etc). Depending of outcome again assuming...

cblewis_78

QQQ plays out before an entry. QQQ popped just above our target at open with a quick down turn and whipsaw up and down before continuing its move down. Intel ($INTC) posted earnings yesterday after close of market with a better than expected outcome likely serving as a catalyst for the early move up to All Time Highs (ATHs). With the downturn of the MACD, so...

cblewis_78

Short term option call for QQQ. The MACD is on the edge of crossing bullish. The EMAs are already positive leaning. The Play: Look for QQQ to make a least a $0.50 move north w/in the next 5-6 trading days. Watch for the MACD to confirm up as a trigger. Expiration Date: 21 FEB Strike Price: $3.53 Delta: 0.55 Theta: 0.06 Diff: 0.49 or $49 per contract (0.24 or...

cblewis_78

Yesterday I gave two scenarios both bullish and bears with a lean to the down side but not a clear sell signal because the EMAs and MACD were not in tandem. The white box and left is historical and where we left off yesterday. Today at open the price dropped almost immediately to the support line (notice the long stem) roughly a $1.00 and then gradually...

cblewis_78

NQ 1 hour futures set up for a further decline. Interested to see what the night will bring for momentum. Overall, the EMA and MACD are in tandem with a slight short term downward trend. By the numbers: 1) MACD cross over down several trading bars/candles ago. Notice to the left the MACD has also dipped below the even/zero line indicating negativity brewing in...

cblewis_78

QQQ 30 minute chart: As stated on the 1hr chart, MACD on the 30 min chart has crossed down. Yet, it has not fully given us the EMA cross over on the 30min chart either which is reason to caution. Overnight future will make a move one way or the other and it is likely the crossover will occur tomorrow. However, wait for EMA crossover. SPY however has (on the 30...

cblewis_78

Been a while since my last post but back at it again. My intent is to provide the broad market review 3-5x per week and one stand alone assets during the same time period with some crypto sprinkled in occassionally. These are quick day trades / swing trades. Strategy: ETFs (QQQ/SPY) I like to use options for swing trades. Strike price near the money 2-3 weeks...

cblewis_78

Last we talked we were looking for that upward move and we got it. If you took profits at 2%. Patience is a virtue. Price is flat and giving no indicators to which direction it will go... so, we now so we wait for a breakdown to lower values to be on the safe side. I do expect the breakdown to the head towards the original 0.025-ish range

cblewis_78

Update after a zoom in to the 1-hour chart. Entry is posted and sooner than expected... There is also a rising channel on the one our chart that suggest the price action will continue North. While the RSI still shows room to run further south, a southern movement is likely to be quick and a reversal is likely. I will: Enter at 0.26 Exit at 0.265-0.266 (2%) and...

cblewis_78

TRX is currently in an upward channel and has a lot of support below on all sub charts. Be careful to watch BTC to see its movement. The larger price movements in BTC can encourage the movements of the alts. Thus... (1) wait for TRX price movement to move towards the 200 EMA @ approx 0.0249. Here we should see support at this level and sense it has not...

cblewis_78

Today is January 21, 2019. It is time to make an attempt to pull off the second ever "Golden Tux" using TRX. It has been done in the movies but never have I seen it here on TV (TradingView). Objective: We take $100 (one-hundred dollars or 100 single dollar bills) and trade TRX with USD or in the USDT using Binance. Goal: Trade daily (when conditions allow) for...

cblewis_78

Greetings Earthling... Don't be fooled by these past few days upward movement. BTC is still in a downward trend as evidence by the death cross of the 55 and 200 EMA. However, BTC is in the final stages of the retrace. As displayed, BTC (on the weekly chart) is currently in the last 5 Wave series of the Elliott Wave. Take profits up to the 55 EMA and then...

cblewis_78

Greetings Earthling... This is a fast mover... be ready to let your fingers do the walking.... Nevertheless... (1) Elliot Wave 1 complete (2) Elliott Wave 2 could be complete at (a) current price $1.80 // .50 Fibonacci or (b) could retrace further to $1.71 // .618 Fib... (3) Either way Wave 2 goes, expect price action in Wave 3 to touch the 55 EMA in yellow...

cblewis_78

Greetings Earthling... Cavet... Full potential is near $5.10 on the weekly chart with target time frame Friday or early next week. 5/18 Call Options will be interesting Nevertheless... Extension 2 is underway w/ caveat: *** The day closed in the middle of Extension 2. This may cause 1 of 3 things to happen: (1) price drops at open to the 9 EMA a bounce North...

cblewis_78

Greetings Earthling... Yesterday: "I stated last week that this would mature last week but while the price increased from $4.03 to a high of $4.34 (7.5%), it did not hit target due to tons of over head resistance. Now that this has past, there is only one line of overhead resistance ($4.34 on the daily chart ). Should this break, the fibonacci suggest the price...